MCX Tips Trend for Today : Crude Oil, Copper and Silver

Posted by Naresh Tomar on Friday, June 1, 2012


Crude Oil Trend Today :- MCX Crude Oil slipped 1.5% and it has come down to Rs 4,900. poor manufacturing data from China's has increased pressure on crude oil. NYMEX the crude oil at $ 87 and Brent Crude ICE are trading under $ 102. Crude Oil is on lower level of last 7 months. This week crude Oil have seen worst weekly decline of last 5.5 years. America's crude oil reserves have reached record levels in 22 years. Due to rise figures in unemployment is estimates that Crude Oil demand will be fall. Meanwhile OPEC oil production has increased and reached to upper end of last 4 years.

MCX Crude Oil Tips :- Crude oil June Futures Sell – 4890, Stoploss – 4950, Target – 4800.

Copper Trend Today :- Base metals also declined today. MCX copper, lead, aluminum, nickel and zinc are the weak nearly 0.5%. It is important that this Rupee has improved a bit after show weakness. Copper is being witnessed pressure to estimated demand will decrease. MCX Copper price has come down to Rs 420.

MCX Copper Tips :- Copper June Futures Sell - 421, Stoploss – 425.

Nickel June Futures Sell - 920, Stoploss - 927, Target – 910.

MCX Silver Tips :- Gold and silver seem pressure. International and domestic market bullion trading on decline although MCX gold prices remain above weak Rs 29,000 and COMEX gold has up to $ 1,560. MCX Silver fall around 1% and is trading at Rs 53 720.

MCX Silver July Futures Sell - 53 500, Stoploss - 53 800, Target - 53 150.

MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
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